Ethereum ETH/USD are traded at 820 and continue to move within the growth. At this point, we should expect an attempt to test the lower border of the channel near the 800 area. Again, we expect a rebound and the continued growth of the Ethereum rate with a target above 880.
Ethereum ETH/USD forecast on January 3, 2018
In favor of the growth of the ETH/USD quotations, a support line test will be performed on the relative strength index (RSI). The cancellation of the growth option will be the breakdown of the lower border of the channel and the closure below 780, which will indicate the outflow of the quotes outside the channel and the continuation of the fall of ETH/USD. Expect the acceleration of growth is the level of resistance and closing above 845.
Ethereum ETH/USD forecast on January 3, 2018 suggests an attempt to test the lower border of the channel near the level of 800, from which it is expected to rebound and continue to rise above 880, an additional signal for the growth of Ethereum will be a test of the support line on the indicator relative strength index (RSI).